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Republic Services Inc. said on Monday it would partner with startup EV maker Nikola Corp. to develop 2,500 electric waste and recycling collection trucks.
The zero-emission vehicles, which will have a range of 150 miles, are expected to be integrated into Republic Services’ fleet beginning in 2023, the U.S. waste disposal company said in a statement.
“The deal is expandable to 5,000 vehicles over the life of the agreement.”
Nikola shares surged 19 percent after the announcement to $43.54 in midday trading.